Trader’s Journal #2

News

Trader’s Journal #2

28/02/2019

Wyoming State Senate approves the bill which partially recognizes cryptocurrency as a money
The official website of the Wyoming State Legislative Assembly reported that on February 19, two bills were passed concerning blockchain technology. As soon as the bill is approved and signed by state governor Mark Gordon, it will officially enter into the world on July 1 and will classify digital assets as property under the Uniform Commercial Code.

According to the bill:

“Digital consumer assets are intangible personal property and shall be considered general intangibles, as defined in W.S. 34.1‑9‑102(a)(xlii), only for the purposes of article 9 of the Uniform Commercial Code, title 34.1, Wyoming statutes.”

Binance launches its own DEX platform
On February 20, representatives of the largest cryptocurrency exchange Binance launched the decentralized platform Binance DEX, built on the blockchain of Binance Chain. Now, traders have the opportunity to create a wallet on the testnet and start exchanging token.

Because of recent positive sentiment, the rate of BNB is up.

University of Michigan is investing in crypto
The University of Michigan Donations Fund, currently valued at approximately $ 12 billion, plans further investments in the Andreessen Horowitz a16z cryptocurrency fund.

According to the news from the meeting of representatives of the fund, published this week, the university has already invested $ 3 million in the Andreessen Horowitz a16z cryptocurrency fund in June 2018 and is currently considering the possibility of further investments.

But the exact amount of investment was not announced.

Thai Parliament Approves Amendments Allowing Issuance of Tokenized Securities
According to the report released on Friday by Bangkok Post, the National Legislative Assembly of Thailand approved an amendment to the Securities and Exchange Act allowing the issuance of securities, such as stocks and bonds, on the blockchain.

Pantera Capital raised $ 125 million for its third cryptocurrency fund
In March Pantera will close an investment round, during which it raised $ 125 million for its cryptocurrency fund.

The new fund was the third for Pantera Capital — the first two had funds in the amount of $ 13 million and $ 25 million, respectively. The new project is focused on long-term investment in services for the storage of cryptocurrency created by large banks, as well as trading platforms and tools for managing digital assets.

Samsung Galaxy S10 has the private key storage for cryptocurrency
Samsung announced on February 21, 2019 that a new mobile Samsung Galaxy S10, in addition to other innovations, has a special storage of secret keys for cryptocurrency wallets. The presentation has already taken place in Seoul, San Francisco and London.

In a press release, Samsung said:

“Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

Also, an interesting fact that last summer, Samsung representatives called smartphones the safest devices for cryptocurrency transactions.

JP MORGAN started testing its own cryptocurrency
JPMorgan Chase company which is one of the biggest US banks, has developed its own cryptocurrency. With its help, the company plans to carry out instant transactions through blockchain technology.

“JPM Coin is currently a prototype that will be tested with a small number of J.P. Morgan’s institutional clients, with plans to expand the pilot program later this year. JPM Coin is currently designed for business-to-business money movement flows, and because we are still in a testing phase, we don’t have plans to make this available to individuals at this stage. That said, the cost-savings and efficiency benefits would extend to the end customers of our institutional clients.” — said Umar Farouk, head of JPMorgan blockchain development.

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